Euro Trash Talk

The G20 Summit meeting was a success, providing world leaders, especially the Europeans, a bigger stage to complain more loudly about Americans. The Euros take the world economic downturn as proof that the US is too free-market, too innovative, like these were bad things. Makes you wonder, if the Euros were so sober and responsible, then why are they suffering from the woes of AIG and the US banking system? In fact, they were near the front of the line to buy the risky financial 'products'. Lord, save me from temptation, but not just yet.

The real divergence on economic matters is not in regulation but openness. Compare the information available about companies on the NY Stock Exchange to those on the German DAX or the English FTSE or the French Bourse, etc. The US Securities and Exchange Commission ensures that the information is reliable, up-to-date, and not misleading. In contrast, most other world stock markets are obscure and much more biased in favor of insiders. Swiss banks specialize in protecting the privacy of tax cheats, drug lords, dictators, slavers, and arms merchants. Prescriber, heal thyself.

Though he was the newest leader at the meeting, President Obama, as usual, mastered the occasion by treating it as what it really is: a meet-and-greet, grip-and-grin among politicians for consumption by the home town papers. By reducing the tension, mastering 'detente', he won more leaders to his ideas on stimulating the economies and helping in Afghanistan.

Lies, Damn Lies, and Taxes

The selfish rich and their delusional hoi polloi 'tax cut' tools have a favorite statistic: the wealthiest 20% pay 67% of the taxes. You are encouraged to 'think' that it's unfair for one-fifth of the population to pay two-thirds of the taxes. But consider this fact: the wealthiest 20% own over 50% of everything, according to the Economist magazine. The picture is even starker when you compare income and wealth (figure, 2007 data from the Federal Reserve), which shows that the upper 10% own practically everything. Taxing the rich is like robbing banks, you have to go where the money is.

The politician with a credible plan to get all of us into that upper 20% has my vote. ;-)

Meet the FCCCERs

According to a summary in the New England Journal of Medicine, the American Recovery and Reinvestment Act includes a new Federal Coordinating Council for Comparative Effectiveness Research (FCCCER). Thank goodness they passed on the alternative name: Federal Oversight Council for Comparative Effectiveness Research.

It's a great idea, way overdue, but can we come up with a better acronym? How about the Pan-American National Association for Comparative Effectiveness Analysis (PANACEA)?

OMG! Emphasis on “My”

A story this morning on NPR's excellent show “On the Media” argued that reporters do not have sufficient knowledge of the Bible to accurately report on current politics, because they too often miss politicians' subtle invocation of scripture. The major example given was G. W. Bush's suggestion that critics remove the “log” from their own eye before attempting to remove the mote from another's, a reference to the Gospel of Matthew which was missed by a NY Times reporter in a front part article. (Oh, how embarrassing for those well-schuled NYers!) Obama avoided that risk in his inaugural address by explicitly attributing to scripture his call to “set aside childish things” (Corinthians).

There is no question that the Bible, the “book”, both new and old testaments, should be a shared cultural reference that does not require explicit citation, much as nobody should feel obliged to cite Shakespeare for any of the dozens of common phrases attributable to him. Public schools should teach the Bible as fundamental to understanding practically all Western literature (and art) for the past few thousand years. The new testament is relatively short, and so much of the 'new' testament knowingly cites the 'old' testament that it's a little surprising that even the echo isn't readily recognized.

The NPR story also told of a reporter for the LA Times who 'found religion' a few years ago during a personal crisis then lost it when reporting on sex abuse court cases. (Oops! where did I leave that faith?) More accurately, he lost his faith in religion and confused that with his faith in God. You don't have to belong to a religion to have faith in God. Indeed, if history and personal experience teaches anything, it is that an intercessor, a priest, a minister, a guru, can obscure the voice you should be listening to: your own beliefs of right and wrong.

Israeli Intervention

Israel denies Palestinians their human rights and regularly attacks their settlements with armed force. As with a bully who beats his wife or abuses his children, it's long past time for friends of Israel to intervene. Rocket attacks on Israel and suicide bombers will stop only when the Palestinians want to stop them. Israeli air strikes and military incursions only provide justification to the militants and make the Palestinian population more sympathetic to, if not supportive of, the militants. "Vengeance is mine saith the lord", because humans don't seem to know how to handle it.

Last Full Measure of Devolution

Americans are getting fatter while the polar bears are getting thinner. Arctic ice forms later in the fall because of global warming, due disproportionately to Americans' use of fossil fuels, so that polar bears cannot find the fat seals that used to get them through the winter. And aging baby boomers are threatening the viability of the health care-industrial complex, where a lot of money is spent at the end of life, in extreme measures to extend life a few more months.

We Americans are nothing if not indulgent. So when the going gets tough, let's get going – on vacation. If like me you're a fat old american, then yeah, sure, go ahead and book that Alaskan cruise to see the shrinking glaciers. But consider making it a one-way ticket - like life itself. Jump ship up north and start walking until you see wildlife up close and personal. Really become one with Nature. It's ok, you can feed the wildlife. Leave your footprints and everything else.

$500B for defense but not $0.1B for bribes

In 1800, the US government paid huge bribes to the Barbary Pirates. Then the newly-elected President Jefferson, with Congressional support, directed the US Navy to fight and defeat the pirates (hence the Marines hymn’s reference to ‘the shores of Tripoli’).

The Obama administration should order an attack on the Somali pirates currently demanding ransom for the $100M Saudi oil tanker. After all, American drivers will be the ones really paying the ransom even if the Saudis are ones peeling off the crisp ‘Benjamins’. No need to occupy anything and it would deprive Islamists of major revenue (Hitchens likens pirates to terrorists.) What better use for our 10 aircraft carriers? Maybe a good, bipartisan opportunity to throw some work Colin’s way.